TIDMPANR

RNS Number : 6071I

Pantheon Resources PLC

09 August 2019

TR-1: Standard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
  to the FCA in Microsoft Word format if possible)(i) 
 
 1a. Identity of the issuer or the                                         PANTHEON RESOURCES PLC 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                             -------------------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with 
  an "X" if appropriate) 
 Non-UK issuer 
                                                                                                           ---- 
 2. Reason for the notification (please mark the appropriate box or boxes 
  with an "X") 
 An acquisition or disposal of voting rights 
                                                                                                           ---- 
 An acquisition or disposal of financial instruments 
                                                                                                           ---- 
 An event changing the breakdown of voting rights                                                            X 
                                                                                                           ---- 
 Other (please specify)(iii) : 
                                                                                                           ---- 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                              1. Farallon Capital Management, L.L.C. 
                                                                    ("Farallon") 
 
                                                                    acting in concert with 
 
                                                                    2. Alaska Great Bear Partners LLC 
                                                                    3. Great Bear Petroleum Holdings 
                                                                    LLC 
                                                                    4. Great Bear Petroleum Operating 
                                                                    LLC 
                                                                    (together, "GBPO") 
 City and country of registered office                        Farallon: San Francisco, California, 
  (if applicable)                                              USA 
                                                               GBPO: Anchorage, Alaska, USA 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name                                                         CHONS LLC 
                                                             -------------------------------------------------- 
 City and country of registered office                        Wilmington, Delaware, USA 
  (if applicable) 
                                                             -------------------------------------------------- 
 5. Date on which the threshold was                           25/07/2019 
  crossed or reached(vi) : 
                                                             -------------------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               08/09/2019 
                                                             -------------------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting        % of voting rights       Total of both     Total number 
                            rights attached       through financial        in % (8.A +       of voting rights 
                            to shares (total         instruments               8.B)          of issuer(vii) 
                                of 8. A)            (total of 8.B 
                                                     1 + 8.B 2) 
                          ------------------  -----------------------  ------------------  -------------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached               20.57%              0%                       20.57%              502,319,029 
                          ------------------  -----------------------  ------------------  -------------------- 
 Position of 
  previous notification 
  (if 
  applicable)              22.74%              0%                       22.74% 
                          ------------------  -----------------------  ------------------  -------------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which the 
  threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of      Number of voting rights(ix)                              % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                            Direct                      Indirect                      Direct                  Indirect 
                      (Art 9 of Directive         (Art 10 of Directive          (Art 9 of Directive     (Art 10 of Directive 
                          2004/109/EC)                2004/109/EC)             2004/109/EC) (DTR5.1)        2004/109/EC) 
                            (DTR5.1)                   (DTR5.2.1)                                            (DTR5.2.1) 
                                             ----------------------------- 
 GB00B125SX82       1,681,372                 101,681,373                    0.33%                      20.24% 
                   ------------------------  -----------------------------  -------------------------  --------------------- 
 
 
 SUBTOTAL 8. A                           103,362,745                                             20.57% 
                   -------------------------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
  (DTR5.3.1.1 (a)) 
 Type of            Expiration   Exercise/                            Number of voting                  % of voting 
  financial          date(x)      Conversion Period(xi)                rights that may                   rights 
  instrument                                                           be acquired if 
                                                                       the instrument 
                                                                       is 
                                                                       exercised/converted. 
                   -----------  -----------------------------------  --------------------------------  --------------------- 
 
 
 
                                 SUBTOTAL 8. B 1                      N/A                               N/A 
                                -----------------------------------  --------------------------------  --------------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of       Expiration        Exercise/               Physical or              Number of             % of voting 
  financial     date(x)           Conversion              cash                     voting rights         rights 
  instrument                      Period (xi)             settlement(xii) 
              ----------------  ----------------------  -----------------------  -------------------- 
 
 
 
                                                         SUBTOTAL 8.B.2           N/A                   N/A 
                                                        -----------------------  -------------------- 
 
 
 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
                   Person subject to the notification obligation is not controlled        X 
                    by any natural person or legal entity and does not control any    (Farallon) 
                   other undertaking(s) holding directly or indirectly an interest 
                                                  in the (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting                           X 
  rights and/or the                                                                     (GBPO) 
  financial instruments are effectively held starting with the 
  ultimate controlling natural person or legal entity(xiv) (please 
  add additional rows as necessary) 
       Name(xv)           % of voting rights      % of voting rights        Total of both if 
                            if it equals or        through financial         it equals or is 
                           is higher than the      instruments if it         higher than the 
                          notifiable threshold    equals or is higher     notifiable threshold 
                                                  than the notifiable 
                                                       threshold 
                        ----------------------  ---------------------  ------------------------- 
 GBPO structure: 
                        ----------------------  ---------------------  ------------------------- 
 Alaska Great Bear 
  Partners LLC           20.57%                  N/A                    20.57% 
                        ----------------------  ---------------------  ------------------------- 
 Great Bear Petroleum 
  Holdings LLC           20.57%                  N/A                    20.57% 
                        ----------------------  ---------------------  ------------------------- 
 Great Bear Petroleum 
  Operating LLC          20.57%                  N/A                    20.57% 
                        ----------------------  ---------------------  ------------------------- 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                ------------------------------------------------ 
 The number and % of voting rights 
  held 
                                                ------------------------------------------------ 
 The date until which the voting rights 
  will be held 
                                                ------------------------------------------------ 
 
 11. Additional information(xvi) 
 
              *    This disclosure relates to a dilution of the 
                   percentage holdings of Farallon and GBPO in respect 
                   of Pantheon Resources PLC, as a result of the Capital 
                   Raising of 47,788,563 new Ordinary Shares, which 
                   increased the total voting rights figure to 
                   502,319,029 with effect from 25 July 2019. For 
                   clarity, the actual number of shares held by Farallon 
                   and GBPO has not decreased since the previous filing. 
 
 
 
              *    Farallon and GBPO (each as defined in section 3 of 
                   this form) are acting in concert in respect of 
                   Pantheon Resources PLC. As such, the disclosure in 
                   sections 7 to 9 of this form reflects their 
                   aggregated position, and the aggregated position has 
                   been attributed in full to each of Farallon and GBPO. 
 
 
 
              *    Farallon is the investment manager of CHONS LLC, 
                   which is the beneficial owner of the Farallon 
                   positions. 
 
 
 
              *    GBPO has been granted an option by CHONS LLC (see Box 
                   4) to purchase up to 44,945,239 of the ordinary 
                   shares held by CHONS LLC. The option has not been 
                   included in section B 1 above in order to avoid 
                   double counting of the same position. 
 
 
 
              *    GBPO has authorised Farallon to make a joint 
                   disclosure on its behalf. 
 
 
 
 Place of completion   San Francisco, United States 
 Date of completion    08/09/2019 
                      ----------------------------- 
 

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